- Earlier in the day, the latest consumer price index report was released, showing inflation rose 8.3% in August from a year ago. The Biden administration chose that afternoon to hold a celebration of the Democrats’ Inflation Reduction Act on the White House lawn.
- While Biden claimed the Inflation Reduction Act was the “single most important legislation passed in the Congress to combat inflation and one of the most significant laws in our nation’s history,” the Dow Jones Industrial Average tumbled in real time amid concerns about rising prices, having its worst day since June 2020.
- At one point, CNN pulled back from its live coverage of the speech, noting the “unfortunate” visuals of the president celebrating while the Dow took “a total beating.”
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Even CNN Cuts Off CNN Biden Victory Lap: ‘Hard To Be Celebratory’
